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Re: wshaw14 post# 480

Thursday, 11/24/2011 11:52:44 AM

Thursday, November 24, 2011 11:52:44 AM

Post# of 1127

Take 5,126 tons and multiply by 14.9 grams. Take the total and divide by 31 to get ounces



I get 2456 oz using 31.1 instead of 31 g/oz

Take that by 2/3 to reflect reality that

Current gold recoveries are in the order of 60-70%.



That is 1637 oz

1637 * 1500 = 2,455,500

From the same PR

Operating costs in the third quarter were 98% of budget at approximately $2.6 M per month. Capital costs for the same period averaged $594 K per month, higher than the $409 K that was budgeted.



2.6 + 0.594 = 3.194

2.4555 - 3.194 = -0.7385